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1810 N Westshore Tampa, FL ...

Don LeBuhn Acquires Tampa Retail Property For $44.5M With Buyer's Rep Cushman & Wakefield
SOLDRetail

Don LeBuhn Acquires Tampa Retail Property For $44.5M With Buyer's Rep Cushman & Wakefield

1810 N Westshore Tampa, FL 33607

$44,500,000

$664/SF

Building Size

67,019 SF

Asset Type

Retail

Closing

May 2, 2022

AI

Located at 1810 N Westshore in Tampa, this retail property spans across 6.67 acres. The transaction took place on May 3, 2022, with a sale price of $44,500,000. The total square footage of the property is 67,019, resulting in a price per square foot of $664.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $44,500,000
  • Address: 1810 N Westshore, Tampa
  • Square Footage: 67,019

The buyer's representative in this deal was Don LeBuhn from Cushman & Wakefield, while the seller was represented by Greg Matus and Adam Tiktin from Franklin Street. The seller of the property was Saber Real Estate Advisors & ARC Trust.

Players

Adam Tiktin

Franklin Street

Broker

$261.4M

vol

20 deals

Broker
Saber Real Estate Advisors
Saber Real Estate AdvisorsSeller

Tampa Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.36%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93